The USDCAD is moving higher after bouncing off familiar support yesterday.
USDCAD found support yesterday at 1.4268, a key level marking the lower boundary of the “Red Box” range that has contained price action since mid-December....
Tag : bouncing
The USDCHF is higher after bouncing off low from last week (low for year). What next?
The USDCHF fell in trading yesterday after breaking below the 200 day MA (near 0.8812). The tumble took the price of the pair down to...
AUDUSD dips to key moving averages before bouncing back
AUDUSD technicals The AUDUSD climbed to a new high, last seen on February 24, approaching but just shy of its declining 100-day moving average. Yesterday’s...
EURUSD bouncing off crucial support zone, potential for upside momentum
EURUSD 1-hour chart Earlier, I highlighted a key support zone in EURUSD, defined by a cluster of critical technical levels: 1.04065 – 38.2% retracement of...
EURUSD bouncing off MA swing area support
EURUSD technicals The EURUSD moved to a new low in the early US session and in doing so tested a key target support defined by...
USDCHF buyers are making a short term play after bouncing off support level on Fri./Monday
USDCHF buyers defended key support near 0.8965 – 0.8974 last week, leading to a price stall and a subsequent rebound. Monday’s low also held near...
EURUSD: What are the technicals telling traders after bouncing off 2022 lows this week
The EURUSD bottomed this week on Monday after falling below the 61.8% of the move up from the 2022 low to the 2023 high at...
EURUSD trades below the 61.8% of the trading range since 2022 at 1.0200 but bouncing
The EURUSD moved to and through the 61.8% retracement of the range since the 2022 low to the 2023 high. That level came in at...